Sigma Planning Corp trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 8.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,851 shares of the company’s stock after selling 4,750 shares during the period. Sigma Planning Corp’s holdings in Procter & Gamble were worth $8,121,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Procter & Gamble by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock worth $36,050,992,000 after buying an additional 1,419,322 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Procter & Gamble by 1.8% during the second quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock valued at $9,439,341,000 after acquiring an additional 1,060,713 shares during the period. Norges Bank bought a new stake in Procter & Gamble during the second quarter worth approximately $5,099,644,000. Charles Schwab Investment Management Inc. lifted its position in Procter & Gamble by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company’s stock worth $2,770,035,000 after purchasing an additional 294,673 shares during the period. Finally, Invesco Ltd. boosted its stake in Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after purchasing an additional 2,880,895 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Trading Up 1.4%
NYSE PG opened at $160.77 on Friday. The firm’s 50 day moving average price is $149.02 and its two-hundred day moving average price is $150.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $179.99. The stock has a market cap of $373.62 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 5.34 and a beta of 0.38.
Procter & Gamble Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.67%.
Analysts Set New Price Targets
A number of analysts have recently commented on PG shares. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their price target for the company from $157.00 to $165.00 in a report on Friday, January 23rd. TD Cowen cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $150.00 to $156.00 in a research note on Tuesday, January 27th. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley set a $175.00 price target on shares of Procter & Gamble in a research report on Monday, October 27th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $168.33.
Check Out Our Latest Report on Procter & Gamble
Insider Transactions at Procter & Gamble
In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 15,169 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the sale, the insider owned 44,735 shares in the company, valued at $7,259,595.80. This represents a 25.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,827 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the transaction, the insider owned 12,639 shares in the company, valued at approximately $2,026,158.09. This represents a 50.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 341,260 shares of company stock worth $54,256,985. 0.20% of the stock is owned by company insiders.
About Procter & Gamble
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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